The Unz Review - Mobile
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
Show by  
Email This Page to Someone

 Remember My Information



=>
Publications Filter?
Counterpunch
Nothing found
 BlogviewMike Whitney Archive
/
Auto Loans

Bookmark Toggle AllToCAdd to LibraryRemove from Library • BShow CommentNext New CommentNext New Reply
Subprime Loans and Auto Sales
Soaring auto sales are not so much a sign of a strong economy as they are an indication of financial hanky-panky. We saw this same type of fakery play out in housing between 2004 – 2006, when prices went through the roof due to a mortgage-lending scam (“subprime”) that crashed the stock market and sent... Read More
On the Road to Catastrophe
Have you ever read a better description of how banking really works? It's just one big looting operation that's backstopped by the bandits at the Federal Reserve. Just think about it; millions of hard-working people were taken to the cleaners in an $8 trillion mortgage-laundering scam, and yet, not one of the miscreants who concocted... Read More
The Return of Subprime
Subprime is back! Only this time it's popped up in the auto market where it's triggered an impressive surge in sales. According to Marketwatch, General Motors February sales topped 45% to a robust 207,028 vehicles, way above analysts expectations. But soaring car sales have less to do with the allure of those gussied-up Silvarados than... Read More
No Items Found